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Let θ^1,θ^2,,θ^n\hat { \theta } _ { 1 } , \hat { \theta } _ { 2 } , \cdots \cdots , \hat { \theta } _ { n }

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Let θ^1,θ^2,,θ^n\hat { \theta } _ { 1 } , \hat { \theta } _ { 2 } , \cdots \cdots , \hat { \theta } _ { n } be the maximum likelihood estimates (mle's) of the parameters θ1,θ2,,θn\theta _ { 1 } , \theta _ { 2 } , \cdots \cdots , \theta _ { n } . Then the mle of any function h( θ1,θ2,,θn\theta _ { 1 } , \theta _ { 2 } , \cdots \cdots , \theta _ { n } ) of these parameters is the function h(θ^1,θ^2,,θ^m)h \left( \hat { \theta } _ { 1 } , \hat { \theta } _ { 2 } , \cdots \cdots , \hat { \theta } _ { m } \right) of the mle's. This result is known as the __________ principle.


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Producers

Individuals or businesses engaged in the creation of goods or services, aiming to sell them for a profit.

Tax Per Unit

A fixed amount of tax imposed on a product or service, regardless of its price.

Excise Tax

A tax applied to specific goods, services, or transactions, usually with the intent of discouraging their use or generating revenue.

Tax Per Unit

A specific tax levied on a product based on the number of units purchased, not the value of the purchase.

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